Section 51 : Inventory of shares, debentures and loans
1) Every company shall prepare and maintain an inventory of the existing shareholders and debenture -holders and persons who ceased to be shareholders or debenture-holders as at thirty days prior to the holding of the........µ annual general meeting.

2) The inventory as referred to in Sub-section (1) spell outs, inter alia, the following particulars:

(a) Authorized capital and number of shares of the company,

(b) Issued share capital of the company,

(c) Paid-up capital of the company,

(d) Calls made on every share,

(e) Total amount of installments paid,

(f) Total amount due and recoverable,

(g) Total amount paid on share and debentures as brokerage,

(h) In the event of forfeiture of any shares, total number of such shares, reasons for forfeiture and date thereof,

(i) Loans borrowed from any bank, financial institution or any other person or guarantee furnished by the company,

(j) Names and addresses of the existing directors.

3) The inventory referred to in Sub-section (1) shall be signed by at least one director and be submitted to the Office within 30 days after the date at which the annual general meeting of the company is held and, in the case of a company not holding the annual general meeting within one year after the date at which the company has obtained permission to carry on such business as to require permission of the concerned body pursuant to the prevailing law, if the company carries on such business, and after the date of registration where such permission is not required; and if there is any alteration in the inventory once it is submitted pursuant to Sub-section (2) , only the details of such alteration can be submitted.

4) If any alteration is made in the inventory, as referred to in sunsection (1), of a company not holding the general meeting details thereof shall be sent to the Office within six months of such alteration.

5) Notwithstanding anything contained elsewhere in this Section, if any company mentions the details as referred to in Sub-section(1), as well, in the report required to be submitted pursuant to Section 78, such company shall not be required to send a separate inventory to this Office under this Section.